Austerity and Low Wages will Lead to Years of Recession

[JDPriestly]

4. The only way you can have sustainable recovery is wage growth.

In my opinion, Mr. Stockhammer's English is very hard to understand. It is partly the way he pronounces his vowels, but also his intonation is not English.

I think he may be Austrian. I am very used to that accent, but the sort of melodious speech that is typically Austrian is hard to follow in English. The rhythm of our language, the way we use our consonants to punctuate our speech and permit differentiation of the meanings of words that sound quite similar is lost when the speaker has a strong Austrian dialect.

Here is an interesting paper I found by Googling Mr. Stockhammer's name and Austria.

http://www.researchonmoneyandfinance.org/media/conference-07-09/Stockhammer.pdf